Key Points
- Nathan Blecharczyk sold 36,370 Airbnb shares on Dec. 9 at an average price of $123.24 for about $4.48 million, leaving him with 11,520 shares — a 75.94% reduction in his position.
- Blecharczyk executed multiple insider sales in late November and early December, selling roughly 352,145 shares for approximately $42.9 million in total.
- Airbnb shares were modestly higher (opened at $127.57), after a quarter that missed EPS estimates but showed ~9.9% revenue growth; analysts’ consensus is a "Hold" with an average price target of $143.88.
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) insider Nathan Blecharczyk sold 36,370 shares of the business's stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $123.24, for a total value of $4,482,238.80. Following the sale, the insider owned 11,520 shares of the company's stock, valued at approximately $1,419,724.80. This represents a 75.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Nathan Blecharczyk also recently made the following trade(s):
- On Wednesday, December 3rd, Nathan Blecharczyk sold 39,806 shares of Airbnb stock. The stock was sold at an average price of $120.22, for a total value of $4,785,477.32.
- On Monday, December 8th, Nathan Blecharczyk sold 141,063 shares of Airbnb stock. The shares were sold at an average price of $121.96, for a total value of $17,204,043.48.
- On Friday, December 5th, Nathan Blecharczyk sold 30,311 shares of Airbnb stock. The stock was sold at an average price of $123.70, for a total value of $3,749,470.70.
- On Friday, December 5th, Nathan Blecharczyk sold 23,761 shares of Airbnb stock. The shares were sold at an average price of $122.70, for a total transaction of $2,915,474.70.
- On Thursday, December 4th, Nathan Blecharczyk sold 77,527 shares of Airbnb stock. The shares were sold at an average price of $120.52, for a total transaction of $9,343,554.04.
- On Friday, November 28th, Nathan Blecharczyk sold 3,307 shares of Airbnb stock. The stock was sold at an average price of $116.71, for a total transaction of $385,959.97.
Airbnb Stock Up 1.7%
NASDAQ ABNB opened at $127.57 on Thursday. The firm has a 50-day moving average price of $121.70 and a two-hundred day moving average price of $127.40. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The company has a market capitalization of $78.53 billion, a P/E ratio of 30.30, a P/E/G ratio of 2.21 and a beta of 1.11.
Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing analysts' consensus estimates of $2.31 by ($0.10). The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The firm's quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.13 earnings per share. Equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.
Analyst Ratings Changes
A number of brokerages recently commented on ABNB. KeyCorp initiated coverage on Airbnb in a research report on Thursday, October 23rd. They issued a "sector weight" rating on the stock. DA Davidson reaffirmed a "buy" rating and set a $155.00 price target on shares of Airbnb in a report on Friday, December 5th. Truist Financial boosted their price objective on shares of Airbnb from $104.00 to $107.00 and gave the company a "sell" rating in a research report on Thursday, December 4th. BNP Paribas Exane assumed coverage on Airbnb in a report on Monday, November 24th. They issued a "neutral" rating on the stock. Finally, Barclays upped their price objective on Airbnb from $105.00 to $107.00 and gave the stock an "underweight" rating in a research report on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have assigned a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $143.88.
Get Our Latest Analysis on ABNB
Institutional Investors Weigh In On Airbnb
Several hedge funds have recently modified their holdings of the company. Kentucky Trust Co acquired a new position in Airbnb in the 2nd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Airbnb by 70.9% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company's stock worth $26,000 after purchasing an additional 83 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Airbnb in the third quarter valued at $25,000. Concord Wealth Partners bought a new stake in shares of Airbnb in the 2nd quarter valued at about $28,000. Finally, Sunbelt Securities Inc. increased its stake in shares of Airbnb by 397.7% in the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company's stock valued at $27,000 after buying an additional 175 shares during the period. Institutional investors and hedge funds own 80.76% of the company's stock.
Airbnb Company Profile
(
Get Free Report)
Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.
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